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Benchmarking Karns Prime & Fancy Food, Ltd. 401(K) Profit Sharing Plan in Mechanicsburg, PA against all plans

 

Karns Prime & Fancy Food, Ltd. 401(K) Profit Sharing Plan in Mechanicsburg, PA has the 10th-highest yield on beginning-of-plan-year total assets (16.34%) among the 82 Pennsylvania plans whose economic sector is Retail Trade. That 16.34% compares to an average of 14.21% across those 82 plans.

Beating the average of 14.21% means an extra $355,605 in net earnings on investments.

Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) ÷ total assets at beginning of plan year

Karns Prime & Fancy Food, Ltd. 401(K) Profit Sharing Plan has these standings among those 82 peer plans:

  • yield on beginning-of-plan-year total assets = 16.34% (10th-highest, tied)

  • net earnings on investments = $2,731,235 (23rd-highest)

  • total assets at beginning of plan year = $16,716,955 (32nd-most)

and these values satisfy the maximum allowed for calculating yield from beginning assets:

  • asset transfers to this plan = $0

  • asset transfers from this plan = $0

and these values provide further relevant context:

  • cash contributions from participants = $849,973

  • cash contributions from employers = $119,270

  • total contributions = $1,076,798

Visualize

 
 

Peers

beat out by West Shore Home, LLC 401(K) Plan in Mechanicsburg, PA (18.81%), Quality Foods Corporation Employee Profit Sharing Plan in Pittsburgh, PA (18.40%), Martin Dealerships, Inc. 401k Savings Plan in Ardmore, PA (18.39%), and Eastwood 401(K) Plan in Pottstown, PA (18.22%), and 5 others, ending with Messick Farm Equipment, Inc. Retirement Savings Plan in Mount Joy, PA (16.73%).

tied with Contract Pharmacy Services, Inc. 401(K) Plan in Warrington, PA (16.34%).

beat Conicelli & Affiliated Dealerships 401(K) Profit Sharing Plan in Conshohocken, PA (16.33%), Physicians Pharmacy Direction Retirement Plan for Self-Employed in Tarentum, PA (16.28%), Sun Motor Cars, Inc. Savings Plan in Mechanicsburg, PA (16.18%), and Pentec Health Retirement Savings Plan in Boothwyn, PA (16.17%), and others, ending with Diamond Drugs, Inc. 401(K) Plan in Indiana, PA (9.68%).

References

  1. whose economic sector is. The economic sector is the first two digits from the six-digit NAICS business code, Line 2d in Form 5500, which best describes the nature of the plan sponsor’s business, from the available list. If more than one employer or employee organization is involved, filers are asked to enter the business code for the main business activity of the employer and/or employee organizations. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  2. in state. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  3. yield on beginning-of-plan-year total assets. Higher values are better. To qualify, the total assets at the beginning of the plan year must be above zero, and either (1) both the asset transfers to the plan and asset transfers from the plan during the plan year must be zero, or (2) the sum of the absolute values of both asset transfers must be less than 1% of the total assets at the beginning of the plan year. If it qualifies, the yield on beginning-of-plan-year total assets (as a percentage) equals net earnings on investments divided by total assets at the beginning of the plan year, times 100. The above quantities are all from Schedule H: Assets transfer to the plan is Line 2l(1). Assets transfer from the plan is Line 2l(2). Net earnings on investments is the sum of the ten column (b) entries from 2b, minus investment advisory and management fees (Line 2i(3)). Total assets at the beginning of the plan year is Line 1f(a). Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.